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EUR/USD recovering – all eyes on US GDP

After dipping below 1.06, EUR/USD is recovering and awaiting news from the other side of the Atlantic. GDP is the main release, but also watch out for consumer confidence. GBP is suffering for no apparent reason, JPY rides on the news from Turkey and the Aussie looks strong ahead of Australian developments. Also CAD finds comfort in the Saudi initiative to tackle oil prices. Wrap up of the morning show:

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.